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A nation with a trade deficit is one that imports more goods and services than it exports in value terms, whereas a nation with a trade surplus is one that sells more goods and services than it imports.
The trade surplus commercial balance, or net exports refers to the difference between the monetary value of a country's exports and imports over a given time period. On occasion, a distinction is made between a trade balance for goods and one for services. The balance of trade measures the flow of exports and imports over a certain time period. Imports and exports are not necessarily "equally balanced" when the term "balance of commerce" is used. If a country exports more than it imports, it has a trade surplus or positive trade balance; if it imports more than it exports, it has a trade deficit or negative trade balance. Out of 200 countries, around 60 had a trade surplus.
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